What securities needed to be provided to get an NRI home loan

Question: What securities needed to be provided to get an NRI home loan?

Answer(s)

Raju Kanumuri: Security of the home loan would generally be a mortgage of the property that is financed by us and / or any other collateral / interim security as may be required by us. It is extremely important for you to ensure that the title to the property is clear, marketable and free from encumbrance. There should not be any existing mortgage, loan or litigation, which is likely to adversely affect the title to the property.

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